BlockBeats news, December 24th, according to CoinDesk, the European Union’s latest digital asset tax transparency regulation will officially take effect on January 1, 2026, marking a significant shift in the regulatory approach to crypto activities across the entire EU.
This regulation, known as DAC8, expands the scope of the EU’s long-standing tax administrative cooperation framework to include crypto assets and related service providers. Under the new rules, crypto asset service providers (including exchanges and brokers) must collect and report detailed information about users and their transactions to their national tax authorities, and these data will be shared among tax authorities of member states.
For crypto users, the enforcement consequences of the new regulation are more severe. Once tax authorities detect tax avoidance or evasion, DAC8 allows local regulators to take action with the assistance of corresponding authorities in other EU countries. This cross-border cooperation also includes the power to freeze or confiscate crypto assets related to unpaid taxes, even if the relevant assets or platforms are not located within the user’s jurisdiction.
